April 17, 2012

There are absolutely no Under Recoveries in Petrol . It costs Rs. 35 Per Liter. Rest are all Taxes.

By calling under recoveries in Petrol the Aam Aadmi ( the Middle Class ) is being mis guided.

Two points need to be considered here :-

Petrol Price has been Decontrolled while that of Diesel , Kerosene kept regulated ( administered ) . So the burden massive subsidy for Diesel etc is put on Petrol . Hence , in a misleading manner it is called UNDER RECOVERY IN PETROL.

Actually it is OVER RECOVERY IN PETROL .

Indian OIL Corporation ( IOC ) is right when i t asks the Govt. to keep even Petrol as an administered and Controlled petroleum product.

In Punjab Petrol costs around Rs. 75 Per Liter. Octroi ( Choongi ) is continued to be levied in Urban areas despite the fact that Octroi has been abolished in Punjab and to remove Octroi from Petrol was one of the Poll promises of the presently Ruling Parties of Punjab

Petrol is used mainly by the Common Man ( Middle Class ). But Petrol is made to cross subsidise Diesel which ks used by the Vote Banks.